Stellantis N.V. $STLA Stock Holdings Lowered by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its holdings in Stellantis N.V. (NYSE:STLA) by 45.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,430,000 shares of the company’s stock after selling 1,200,000 shares during the quarter. Alberta Investment Management Corp’s holdings in Stellantis were worth $15,855,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of STLA. Zurich Insurance Group Ltd FI raised its position in shares of Stellantis by 183.8% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 2,084,816 shares of the company’s stock worth $23,157,000 after purchasing an additional 1,350,154 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Stellantis during the fourth quarter valued at about $783,000. Occudo Quantitative Strategies LP lifted its stake in Stellantis by 30.8% during the fourth quarter. Occudo Quantitative Strategies LP now owns 343,551 shares of the company’s stock valued at $3,741,000 after buying an additional 80,940 shares in the last quarter. Miller Value Partners LLC boosted its holdings in shares of Stellantis by 10.0% in the fourth quarter. Miller Value Partners LLC now owns 429,000 shares of the company’s stock worth $4,672,000 after buying an additional 39,000 shares during the period. Finally, Evolve Private Wealth LLC acquired a new position in shares of Stellantis in the fourth quarter worth about $297,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 1.8%

STLA stock opened at $6.36 on Friday. The company has a 50 day moving average of $7.63 and a two-hundred day moving average of $8.60. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.42 and a beta of 1.41. Stellantis N.V. has a 12-month low of $6.28 and a 12-month high of $12.22. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The company had revenue of $44.14 billion for the quarter. On average, equities analysts anticipate that Stellantis N.V. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

STLA has been the topic of a number of recent analyst reports. Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Bank of America lowered shares of Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Loop Capital set a $8.00 price objective on shares of Stellantis in a research report on Monday, March 2nd. Kepler Capital Markets downgraded shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Finally, Citigroup reissued a “neutral” rating on shares of Stellantis in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.90.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.